Can I retire at age 30 with 583,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $583,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.1%
1 years$48,144$47,715$47,296$46,888$46,489$45,513
2 years$23,833$23,390$22,959$22,542$22,138$21,159
3 years$15,731$15,285$14,856$14,443$14,045$13,094
4 years$11,681$11,236$10,812$10,405$10,017$9,101
5 years$9,251$8,809$8,390$7,992$7,615$6,737
6 years$7,632$7,194$6,781$6,392$6,025$5,186
7 years$6,476$6,041$5,635$5,255$4,900$4,100
8 years$5,609$5,178$4,779$4,408$4,065$3,304
9 years$4,935$4,509$4,116$3,755$3,423$2,700
10 years$4,397$3,974$3,588$3,237$2,917$2,231
11 years$3,956$3,538$3,159$2,817$2,509$1,859
12 years$3,590$3,176$2,804$2,471$2,174$1,560
13 years$3,279$2,870$2,505$2,181$1,896$1,316
14 years$3,014$2,609$2,251$1,936$1,662$1,115
15 years$2,784$2,383$2,032$1,727$1,463$949
16 years$2,583$2,186$1,842$1,546$1,293$810
17 years$2,406$2,013$1,676$1,389$1,147$693
18 years$2,248$1,861$1,530$1,252$1,020$594
19 years$2,108$1,724$1,401$1,131$909$510
20 years$1,981$1,602$1,286$1,025$812$439
21 years$1,867$1,493$1,183$930$726$378
22 years$1,764$1,393$1,090$845$651$326
23 years$1,669$1,303$1,006$770$584$282
24 years$1,583$1,221$931$702$525$243
25 years$1,503$1,146$862$641$473$211
26 years$1,430$1,077$800$586$426$182
27 years$1,362$1,013$742$537$384$158
28 years$1,299$955$690$492$346$137
29 years$1,241$901$642$451$313$118
30 years$1,187$851$598$414$283$103
31 years$1,136$804$558$380$256$89
32 years$1,089$761$520$349$231$77
33 years$1,044$721$486$321$209$67
34 years$1,002$683$454$296$189$58
35 years$963$648$424$272$172$50
36 years$926$615$397$251$155$44
37 years$891$584$372$231$141$38
38 years$858$555$348$213$128$33
39 years$827$528$326$196$116$29
40 years$797$502$306$181$105$25
41 years$769$478$287$167$95$22
42 years$742$455$269$154$86$19
43 years$717$434$252$142$78$16
44 years$693$413$237$131$71$14
45 years$670$394$222$121$65$12
46 years$648$376$209$112$59$11
47 years$627$359$196$104$53$9
48 years$607$343$184$96$48$8
49 years$588$327$173$88$44$7
50 years$569$313$163$82$40$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 30 starting with $583,000, adding $4,555 every year, while hoping to spend $28,153 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 57/16/27 Blend
29$583,000$583,000$583,000$583,000
30$647,164$616,265$607,229$679,036
31$683,221$616,508$597,617$701,642
32$722,011$615,819$586,739$722,928
33$763,785$614,122$574,523$745,547
34$808,815$611,339$560,894$769,638
35$857,404$607,384$545,773$795,352
36$909,880$602,166$529,077$822,860
37$966,606$595,591$510,720$852,349
38$1,027,983$587,558$490,612$884,028
39$1,094,447$577,958$468,658$918,127
40$1,166,481$566,679$444,758$954,904
41$1,244,616$553,600$418,811$994,641
42$1,329,434$538,593$390,708$1,037,654
43$1,421,575$521,524$360,336$1,084,292
44$1,521,747$502,249$327,578$1,134,940
45$1,630,723$480,617$292,311$1,190,026
46$1,749,359$456,469$254,405$1,250,025
47$1,878,593$429,636$213,727$1,315,460
48$2,019,459$399,938$170,136$1,386,912
49$2,173,094$367,185$123,487$1,465,022
50$2,340,752$331,179$73,625$1,550,501
51$2,523,810$291,708$20,393$1,644,135
52$2,723,785$248,548$0$1,746,794
53$2,942,347$201,464$0$1,869,929
54$3,181,337$150,205$0$2,011,063
55$3,442,777$94,510$0$2,165,544
56$3,728,898$34,099$0$2,334,723
57$4,042,155$0$0$2,520,094
58$4,385,251$0$0$2,728,817
59$4,761,162$0$0$2,964,132
60$5,173,168$0$0$3,222,093
61$5,624,879$0$0$3,504,968
62$6,120,272$0$0$3,815,254
63$6,663,727$0$0$4,155,703
64$7,260,069$0$0$4,529,342
65$7,914,613$0$0$4,939,511
66$8,633,211$0$0$5,389,884
67$9,422,312$0$0$5,884,511
68$10,289,020$0$0$6,427,853
69$11,241,159$0$0$7,024,825
70$12,287,351$0$0$7,680,839
71$13,437,091$0$0$8,401,861
72$14,700,842$0$0$9,194,460
73$16,090,131$0$0$10,065,877
74$17,617,655$0$0$11,024,085
75$19,297,407$0$0$12,077,873
76$21,144,800$0$0$13,236,921
77$23,176,818$0$0$14,511,896
78$25,412,172$0$0$15,914,550
79$27,871,478$0$0$17,457,831
80$30,577,452$0$0$19,156,007
81$33,555,123$0$0$21,024,797
82$36,832,067$0$0$23,081,523
83$40,438,672$0$0$25,345,269
84$44,408,416$0$0$27,837,064
85$48,778,191$0$0$30,580,079
86$53,588,648$0$0$33,599,846
87$58,884,576$0$0$36,924,499
88$64,715,330$0$0$40,585,036
89$71,135,294$0$0$44,615,617
90$78,204,392$0$0$49,053,880
91$85,988,657$0$0$53,941,301
92$94,560,851$0$0$59,323,584
93$104,001,152$0$0$65,251,087
94$114,397,908$0$0$71,779,305
95$125,848,476$0$0$78,969,389
96$138,460,134$0$0$86,888,723
97$152,351,098$0$0$95,611,558
98$167,651,632$0$0$105,219,719
99$184,505,284$0$0$115,803,369
100$203,070,234$0$0$127,461,865